document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1008770>Question 1008770</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Mary invested a certain amount of money in a savings account paying 2% simple interest per year when she withdrew her money at the end of 3 years, she received $540 i interest. How much money did Mary place in the savings account? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #628313 by </B><A HREF=/tutors/aboutme.mpl?userid=fractalier><B>fractalier(6550)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=fractalier><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=fractalier><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=628313\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The simple interest formula is<BR>\n" );
document.write( "I = prt<BR>\n" );
document.write( "In this problem we need to find the principal, p, so we have<BR>\n" );
document.write( "p = I/rt <BR>\n" );
document.write( "Now plug in and get<BR>\n" );
document.write( "p = 540/(.02)(3) = $9000 </SPAN>\n" );
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